Good morning to the most successful trading group in the biz,
We have another potential large bounce and or squeeze here. Recent acquisitions and another ready to close soon. Very hard beat down in the securities over the last week or so and earnings due out Thursday August 13th, 2015.
NASDAQ: HOTR
52 week range $1.40-$4.18
Recent PPS: $1.64
HOTR recent growth almost tripled their store count – System wide store count increased from 21 at June 30, 2014 to 47 at June 30, 2015. Currently at 52 as of July 30th, 2015 without the “Little Big Burger” acquisition.
Chart oversold: http://stockcharts.com/h-sc/ui?s=hotr
HOTR short interest: http://shortsqueeze.com/?symbol=hotr&submit=Short+Quote%99
Chanticleer Holdings Inc. (NASDAQ: HOTR) the parent company of the “Hooters” restaurant chain and more.
Recent Seeking Alpha article regarding Chanticleer’s acquisition of Little Big Burger- Deal expected to close August 14th, 2015- http://seekingalpha.com/article/3390745-chanticleer-holdings-announces-definitive-agreement-to-purchase-little-big-burger
Recent headlines / Revenue guidance
*Chanticleer announces second quarter preliminary Net restaurant revenue of $10.4M a 61.4% increase from prior year- http://www.nasdaq.com/press-release/chanticleer-holdings-announces-second-quarter-2015-preliminary-net-restaurant-revenue-of-104-20150730-00317
May 12th, 2015 SA article: This $2 stock would be cheap at $6 – http://seekingalpha.com/article/3174906-chanticleer-this-2-stock-would-be-cheap-at-6
As you can see there’s a lot of fundamental catalyst here to suggest a bounce in the near term or possibly when earnings are released Thursday.
Your partners at Broad Street
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